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Author Topic: Even your fiat is not totally secure!  (Read 471 times)
CryptoSifus
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September 27, 2018, 04:40:30 AM
 #21

A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!
The theft of fiat is happening to everyone everywhere every minute of every day and no one even realizes it.
It's called taxation and inflation (currency devaluation).
The sooner people wake up and realize that their shitty counterfeit government fiat money is is backed by only by the chains of their debt servitude the better.
Fuck the banks and their shitty fiat.
Fuck their bought off government enforcers and their control through fear and violence.
The new world economy will make them all irrelevant and the minute they no longer control peoples wealth there will be hell to pay.
Not soon enough if you ask me. Which you didn't. Wink

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September 27, 2018, 04:57:03 AM
 #22

A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!
Security not only comes in terms of cryptos only but also fiat currencies needs a lot of security and also most of the scams and spams are happendled with the fiat currencies.
I have sawn a lot of such scams where peoples are scammed with the help of fiat currencies.
Both can be risky but i guess scamming depends on the mentality of the individual.
If you are mature enough, you will not be scammed by anyone in terms of fiat or even the cryptos but if you tend to be new, than probably there are a lot of scammers who are waiting for you to scam your funds.

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Kevin77
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September 27, 2018, 05:04:48 AM
 #23

A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!
People who certainly have nothing to want to do, will always look for an excuse not to be a part of something. Security is one thing that can be a problem for someone who is careless and not knowledgeable enough to know how to stay secured in this space.

As long as you are careless with money, the same fate anyone who is in fiat and leaves their debit or credit card vulnerable is actually the same fate they will always experience anywhere they put in funds. It is more like putting gold in your apartment, and then always leaving your door open to the whole world to see the gold you have, with easy access to and then thinking someone will not take advantage of your stupidity.
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September 27, 2018, 05:17:40 AM
 #24

First money every where is devaluing with time and it is not secure because even dollar is also changing over time and for fiat there is also central banks and departments which are controlling these money and fiat is also not secure.

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September 27, 2018, 05:52:18 AM
 #25

A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!

Yes i am agree that even fiat is not fully secure in the past when we required any of the transaction across boarders there were many problems like if we do it personally we have theft problem and while if we do through banks high transaction we will pay so bitcoin is better than fiat.

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September 27, 2018, 07:39:52 AM
 #26

A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!

This message is for people outside the forum for their various reasons they could come up with about security and they are right thanks to exchange platforms that won't ensure that their security apparatus is up to date to forestall any hacking and are quick to announce to the world anytime they are compromised and funds stolen forgetting the damage such is doing to the entire market.

Security is the least of peoples problem for investing in bitcoin. At least for the people on the forum which this message will be getting to. The concern for them is the value for their investment on how it won't be faced with uncertainties every day they take stock. Another concern for them is the regulation that is gradually creeping into the freedom they have come to enjoy ever since couple with those people flocking into the crypto space to make them lose their hard earned resources.

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September 27, 2018, 11:31:10 AM
 #27

A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!

Just like money, if your bitcoin wallet is left unsecured, then it's going to be found by someone and it's going to be stolen from you. We've been in this forum for so long yet there has not been a report of a stolen bitcoin that wasn't the person's fault. It was either stolen by someone around them or they got confused and uploaded the private key instead of the wallet's address. I think people are more worried about bitcoin turning out to be just one huge scam and millions of people got tricked by it. I don't worry about that for I understand this stuff and how the price of bitcoin ended up to where it is right now. To simplify, people are scared of what they don't understand and bitcoin's simply one of them. Sadly because they are not putting the effort to enlighten themselves about the topic.

ShadowBits
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September 27, 2018, 11:47:18 AM
 #28

A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!

Sometimes you cannot blame them for being worried about it. Crypto is so young and there is not guarantee that you could really rely on it. Fiat is good at all times since it is still being used by all people around the world. But also crypto can be a good alternative investment that you could put your money in for the meantime.
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September 27, 2018, 12:42:49 PM
 #29

Your Fiat currency is under more attack than most people think. You have to deal with counterfeit currencies and also with ATM scammers and pickpocketting.

The criminal element will always be there, no matter what currency you use. As long as something has value, it will be a target for these criminals and we should just accept that.

Currently more Fiat currency are stolen and hacked than most bitcoin hacks combined, so deal with that.  Wink

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September 27, 2018, 01:03:44 PM
 #30

It doesn't make much sense to stay in fiat as an investment. Inflation can put the value of money into trouble in every country. Instead, we have to turn to the foreign currency, gold, cryptocurrency and share.

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September 27, 2018, 01:09:40 PM
 #31

It's not just about stealing. Crypto-currencies are in a much more risky area of ​​finance than fiat money.

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September 27, 2018, 01:24:17 PM
 #32

A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!

fair enough but what happens if your money is stolen from the bank due to their security. I am sure they'll return it back unless its everyone who gets hit by the security glitch. I agree that your money is not secure anywhere but I doubt crypto is more secure than bank at this point, eventually in the future it will become much stronger and I think its much easier for you to keep track of your finance if you have it on your hand instead of third party. perhaps that's why hard investment is good for long term.

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September 27, 2018, 02:28:16 PM
 #33

Even someone else's life is prone to it dude. Anyways, but with some fair regulations, tips and other similar security measures in crypto at least there is a percentage that we can assure of the security although it isn't totally a 100% in its way.
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September 27, 2018, 03:20:18 PM
 #34

You're stating the obvious here, and there's no point even discussing this.

Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place.  That's been known as long as there's been thievery in this world.

that's right, everything we have always have risks, depending on how we can minimize the risk
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September 27, 2018, 03:41:46 PM
 #35

You're stating the obvious here, and there's no point even discussing this.

Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place.  That's been known as long as there's been thievery in this world.

that's right, everything we have always have risks, depending on how we can minimize the risk
many things can be done to secure our assets in any form. I think we all know how to deal with it, even though sometimes we are complacent, and cause losses. for that, keep discipline in keeping it
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September 27, 2018, 03:43:19 PM
 #36

As I wrote several times, the dollar is provided first of all by TRUST. Because it is stable as ... like a dollar. There are decades, centuries, and one dollar as it was, so it is. And in America, you in any store will accept at face value the dollar of the 1918 issue. Or, most likely, more expensive, as a rarity. And try where to put up with the ruble of 1918? Unless to numismatist .... And with dojmarka? And with the franc? And with tugriks? Yes, it also depreciates over these decades, and right now at $ 1 it will turn out to buy less goods than 100 years ago. But in comparison with the ruble, for example ... Only in the past about 30 years it has depreciated about 25,000 (twenty-five thousand) times. And in the course of the entire 20th century, the ruble depreciated by a total of 500 trillion times. Who does not believe - can count. Yes, the dollar is not an ideal tool. But until they came up with the BEST. Or maybe ktonit here knows that, except crypt and gold can be better than the dollar? From fiat funds?
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September 27, 2018, 03:44:59 PM
 #37

It is proven that FIAT is not secure, i had a bank account and worst thing i lose some amount.
I never used my account for shopping as i make sure that i have cash in my wallet as always.
But still i got a debit from my account. i filed a complaint in my bank and they gave the money back though, still! it is not good to have.
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September 27, 2018, 03:45:23 PM
 #38

There is no money that is secured when you give it the little protection. I left my money with inadequate security in my wallet and it was unfortunate for me being hacked within that moment.
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September 27, 2018, 04:28:57 PM
 #39

A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!

anything can be stolen, depending on us securing it, afraid to invest in cryptocurrency because of security? do those who say they already know, what is cryptocurrency? if they don't really know what is cryptocurrency , they are afraid to invest, but if people who already know and have made profits from bitcoin, they will continue to believe in bitcoin (the world of cryptocurrency).
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September 27, 2018, 05:04:43 PM
 #40

Yes even fiat money is also not secured nowadays. That's why people afraid about security of cryptocurrencies. Even it is stored in secured wallet sometimes money can be hacked.



























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